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The USDA Economic Research Service forecast record 2021-22 global coarse grains output of 1.495 billion tonnes, with the largest increases in Brazil and China. Higher prices are encouraging farmers to plant more maize, sorghum and less barley.
Expanding global coarse grain supply could ease tightness over time, though strong Chinese demand currently supports prices.
world-grain.comChris LyddonJun 11, 2021After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
